GBP$ soft into London close, +0.22% at 1.2562; Monday range 1.2613-1.2535

Early GBP rise above 1.26 on Bessent nomination, soft UST yields dialed back

Recent UK data hinting at higher inflation and falling growth weighs on GBP$

UK net spec IMM long at lows not seen since May 28; GBP$ -7% since Sept 27

Light UK data this wk, slew of data on wed ahead of US Thanksgiving holiday

GBP$ res 1.2613 Monday high, 1.2643 falling 10-DMA, 1.2713 Nov 20 high

Supt 1.2560 lower 30-d Bolli, 1.2535 Monday low, 1.2475 Nov 22 6-1/2-month low